Core Viewpoint - BingEx Limited, a leading on-demand dedicated courier service provider in China, reported its unaudited financial results for Q1 2025, highlighting a strategic focus on enhancing service quality and expanding market penetration, particularly in lower-tier cities [1][3]. Financial Performance - Revenues for Q1 2025 were RMB 960.8 million (US$ 132.4 million), a decrease from RMB 1,107.7 million in Q1 2024, primarily due to a decline in order volume amid intensified market competition [4][8]. - Gross profit was RMB 126.7 million (US$ 17.5 million), compared to RMB 130.3 million in the same period of 2024, with a gross profit margin of 13.2%, up from 11.8% year-over-year [5][8]. - The company reported a net loss of RMB 10.3 million (US$ 1.4 million) in Q1 2025, a significant decline from a net income of RMB 64.6 million in Q1 2024 [10][11]. Operating Expenses - Total operating expenses increased by 27.0% to RMB 116.7 million (US$ 16.1 million) from RMB 91.9 million in Q1 2024 [5]. - Selling and marketing expenses rose by 10.0% to RMB 49.3 million (US$ 6.8 million), attributed to higher share-based compensation and staff costs [6]. - General and administrative expenses surged by 46.9% to RMB 37.9 million (US$ 5.2 million), mainly due to increased professional fees and share-based compensation [7]. Operational Metrics - The number of orders fulfilled in Q1 2025 was 58.0 million [8]. - Cash and cash equivalents, along with restricted cash and short-term investments, totaled RMB 787.2 million (US$ 108.5 million) as of March 31, 2025 [12]. Strategic Focus - The company emphasized a user-centric approach to deepen understanding of diverse user needs and preferences, while exploring innovative cross-industry collaborations to enhance brand awareness [3]. - The commitment to advancing the on-demand, dedicated courier model aims to deliver a more convenient and reliable experience to a broader user base [3].

Group 1 - BingEx Limited will report its first quarter 2025 unaudited financial results on May 22, 2025, before the U.S. market opens [1] - An earnings conference call is scheduled for May 22, 2025, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss the results [1] - Participants must pre-register for the conference call to receive dial-in numbers and a personal PIN [2] Group 2 - BingEx Limited is a pioneer in providing on-demand dedicated courier services in China, branded as "FlashEx" [3] - The company focuses on superior time certainty, delivery safety, and service quality for both individual and business customers [3] - BingEx aims to enhance people's lives through its services and is committed to delivering a superior customer experience [3]

Core Viewpoint - BingEx Limited, a leading on-demand dedicated courier services provider in China, is set to report its fourth quarter and fiscal year 2024 unaudited financial results on March 12, 2025, before U.S. market opening [1] Group 1 - The earnings conference call will take place on March 12, 2025, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss the financial results [1] - Participants must pre-register for the conference call to receive dial-in numbers and a personal PIN [2] - A live webcast of the conference call will be available on the company's investor relations website, with a replay accessible after the session [2] Group 2 - BingEx Limited is recognized as a pioneer in providing on-demand dedicated courier services in China, branded as "FlashEx" [3] - The company emphasizes superior time certainty, delivery safety, and service quality in its offerings [3] - BingEx aims to enhance people's lives through its services and is committed to delivering a superior customer experience [3]